Progress and Poverty
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"Progress and Poverty" is a seminal work of economic and social theory that explores the paradox of increasing poverty amidst advancing industrial and technological progress. In this profound inquiry, Henry George investigates the root causes of economic cycles and the persistence of destitution in wealthy nations. He argues that the private monopolization of land and the resulting rent-seeking behavior are the primary drivers of inequality, stifling production and depressing wages.
George proposes a transformative solution known as the Single Tax-a levy on land values intended to replace all other forms of taxation. By reclaiming the unearned increment of land for the public good, George envisions a society where involuntary poverty is abolished and true economic freedom is achieved. This influential treatise challenged the prevailing economic orthodoxies of its time and sparked a global movement for land reform and social justice.
Written with clarity and moral urgency, "Progress and Poverty" remains a cornerstone of political economy. It offers a timeless critique of wealth distribution and continues to inspire debates on taxation, urban planning, and the ethical foundations of property rights.
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